20
Jul
11:32
Vale second-quarter iron ore production grows
Brazil’s Vale saw iron ore output increase quarter-on-quarter in the second quarter, but it fell on-year, Kallanish notes.
Vale revised its 2022 output target after concluding the sale of its Midwestern System this month. The miner expects output to reach 310-320 million tonnes, versus the earlier 320-335mt estimate.
Vale produced 74.1mt of iron ore in Q2, up 17.4% on the previous quarter, but 1.2% less y-o-y.
Northern System output, which comprises t…
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Anonymous
Very good overview of the weekly steel market.
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